Worthington Steel jumps after agreeing to buy Kloeckner in $2.4 bln deal

Kloeckner & Co SE

16/01/2026 14:04

** Worthington Steel WS.N up 5.2% at $40.80 premarket

** Late on Thursday co announced it will buy its German peer Kloeckner & Co KCOGn.DE in $2.4 billion all-cash deal

** Kloeckner shares jump 25% premarket after announcement

** Combined entity expected to generate about $9.5 bln in revenue, WS said

** Kloeckner operates over 100 sites across North America and Europe, offering carbon flat-roll, electrical steel and aluminum

** Deal expected to close in second-half of 2026

** WS stock rose 25% over the past year

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))